Carlson Peter M 4

What Happened

• Peter M. Carlson, a director of Citizens, Inc. (CIA), had 12,012 restricted stock units (RSUs) vest and convert into shares on June 17, 2026, and the filing also shows a simultaneous disposition of those 12,012 shares at $0.00. He was also granted 7,042 new RSUs the same day. No open‑market purchase or sale of stock was reported; these are compensation-related equity transactions rather than market trades.

Key Details

• Transaction date: June 17, 2026 (reported on Form 4 filed June 22, 2026).
• Transactions reported:
  • Exercise/conversion (M): 12,012 shares acquired (price reported as N/A).
  • Exercise/conversion (M): 12,012 shares disposed at $0.00 (reported as derivative).
  • Grant/award (A): 7,042 RSUs granted at $0.00 (derivative).
• Footnotes from the filing:
  • F1: Each RSU represents a contingent right to one share of Citizens Class A common stock.
  • F2: The 12,012 RSUs were granted June 17, 2025 and vested June 17, 2026.
  • F3: The 7,042 RSUs were granted June 17, 2026 and vest June 17, 2027.
• Shares owned after the transaction: Not specified in the filing.
• Filing timeliness: Form 4 was filed June 22, 2026 for transactions dated June 17, 2026 — this appears to be later than the typical two-business-day Form 4 deadline.

Context

• RSUs are compensation awards that convert to shares when they vest; they are not the same as open-market purchases and do not necessarily signal a buy/sell intent by the insider.
• The reported $0.00 disposition commonly reflects shares withheld or surrendered to cover taxes or settlement on vested awards rather than a public sale. The filing does not report any cash proceeds to the insider.